BrewBilt Brewing Co (BRBL)

[maz1978]

EASY BOUNCE OFF THE LOW FROM

GRASS VALLEY, CA--(Marketwired - May 20, 2016) - Simlatus Corporation (OTCPINK: SIML) announces today that it has signed and approved the budget to commence both the final manufacturing schedule for the new SyncPal product, and also for the R&D Team to move forward with development on the SimLature 'ApPurchase' softwareplatform for augmented/virtual reality accessories. 

Chairman of the Board, Robert Stillwaugh, stated,"We filed an 8K today confirming the reduction of approximately $1.6M in debt. This is derivative liability on our balance sheet that was weighting down the dilution of equity with our shareholders." 

Mr. Schatz further stated, "TheCompany is busy manufacturing and assembling the $50K purchase order recently received through the Fiber Group Inc. and we anticipate a smooth manufacturing process to meet ourdelivery schedule."